China seeking stakes in more global investment businesses

The FT reports that China’s $61.5 billion social security fund has held talks to acquire ownership stakes in Carlyle Group, KKR and TPG. It’s unclear how far along any of these discussions are, but China has already acquired positions in both The Blackstone Group and Bear Stearns. This further supports the view that China (and other Asian nations) is diversifying its asset base away from US Treasuries.